New Delhi: Vodafone IdeaStating that it will save over Rs 40,000 crore through telecom moratorium on statutory payments, on Wednesday said the company will “survive and thrive” even if it remains “open and friendly” to a bailout offer, which the government will seek. Enables you to choose. A minority equity in the company in lieu of interest liability on its outstanding balance.
Ravinder TakkarVodafone Idea MD and CEO said that the company will now start raising funds of Rs 25,000 crore as it looks to invest in the business and is working towards network expansion and possible 5G.
Fund raising and capex investment will happen when the company raises tariffs in an “organic” manner to work its way through an ARPU (average revenue per user) of Rs 200 in the short term and Rs 300 in the medium term. Its ARPU in the previous quarter was Rs 104.
“The announcement made by the government is truly a game-changer, and we intend to start the fund raising exercise soon,” Takkar said.
Ravinder TakkarVodafone Idea MD and CEO said that the company will now start raising funds of Rs 25,000 crore as it looks to invest in the business and is working towards network expansion and possible 5G.
Fund raising and capex investment will happen when the company raises tariffs in an “organic” manner to work its way through an ARPU (average revenue per user) of Rs 200 in the short term and Rs 300 in the medium term. Its ARPU in the previous quarter was Rs 104.
“The announcement made by the government is truly a game-changer, and we intend to start the fund raising exercise soon,” Takkar said.
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